Servicetitan Soars 46% in Nasdaq Debut as IPO Well Received
Servicetitan Soars 46% in Nasdaq Debut as IPO Well Received
The U.S. IPO market has been revived this year with major stock indexes hitting record highs amid the Fed's rate-cut cycle. $ServiceTitan (TTAN.US)$ shares are up 46% after its Nasdaq debut exceeded expectations.
$ServiceTitan (TTAN.US)$ 在首次纳斯达克上市后，TTAN的股票上涨了46%。
TTAN opened at $101 vs $71 IPO price, valuing the company at about $9 billion.
TTAN的开盘价为$101，而IPO价格为$71，公司的估值约为$90亿。
The Glendale, California-based company had a $625 million raise, after originally targeting range of $52-$57.
这家位于加州格伦代尔的公司筹集了$62500万，最初目标区间为$52-$57。
The U.S. IPO market has been revived this year with major stock indexes hitting record highs amid the Fed's rate-cut cycle.
由于美联储降息周期的推动，美国IPO市场在今年复苏，主要股指创下历史新高。
Founded in 2012 by Ara Mahdessian and Vahe Kuzoyan, ServiceTitan has become a dominant player in a niche market, making software used by more than 11,800 businesses that are run by technicians serving the heating, ventilation and air-conditioning sectors.
ServiceTitan成立于2012年，由阿拉·马赫德西安和瓦赫·库佐扬创办，已成为这一细分市场的主导者，为超过11,800家由技术人员经营的企业提供软件，服务于供热、通风和空调领域。
For the six months ended July 31, the company reported a loss of $86 mln vs $99 mln loss in yr-ago period, while revenue increased ~24% y/y to $363 mln.
截至7月31日的六个月内，该公司报告亏损8600万美元，而去年同期亏损9900万美元，而营业收入同比增长约24%，达3.63亿美元。
Goldman Sachs, Morgan Stanley, Wells Fargo and Citigroup led the 14-firm underwriting syndicate for the IPO.
高盛、摩根士丹利、富国银行和花旗集团领导了该IPO的14家承销商财团。
Renaissance IPO Index .FTIPOUSA, which tracks the performance of high-profile listings, has gained ~23% YTD.
文艺复兴首次公开募股指数 .FTIPOUSA，跟踪高调上市的表现，目前年初至今上涨了约23%。
